IPO Details

Bidding Dates

22 Jan '25 - 24 Jan '25

Minimum Investment

₹1,45,000 / 1 Lot (1000 Shares)

Price Range

₹145

Maximum Investment

₹1,45,000 / 1 Lot (1000 Shares)

Retail Discount

To be announced

Issue Size

₹53.65 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Rexpro Enterprises IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jan 22, 2025

IPO Closing Date

Jan 24, 2025

Basis of Allotment

Jan 27, 2025

Initiation of Refunds

Jan 28, 2025

IPO Listing Date

Jan 29, 2025

About Rexpro Enterprises IPO

Rexpro Enterprises IPO is a fixed-price issue valued at ₹53.65 crore. It includes a fresh issue of 32.50 lakh shares amounting to ₹47.13 crore and an offer for sale of 4.50 lakh shares aggregating to ₹6.53 crore. The IPO opens for subscription on January 22, 2025, and closes on January 24, 2025. The allotment is expected to be finalised on January 27, 2025, with a tentative listing date on January 29, 2025, on NSE SME.

The IPO price is set at ₹145 per share. Retail investors need a minimum investment of ₹1,45,000 for one lot of 1,000 shares, while HNI investors must invest in at least two lots, amounting to ₹2,90,000.

Horizon Management Private Limited is the book-running lead manager for this issue, while Cameo Corporate Services Limited serves as the registrar. Giriraj Stock Broking Private Limited is the market maker.

For detailed financial and operational information, investors can refer to the Rexpro Enterprises IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the SME platform.

Industry Outlook

  1. India’s retail industry is projected to grow at a CAGR of 9% from US$ 779 billion in 2019 to over US$ 1.8 trillion by 2030, according to Kearney Research. With a robust consumer base and rising disposable incomes, India is positioned as a global retail destination, attracting significant investments.
  2. The organised warehousing sector in India is expected to grow at a CAGR of 20-25%, expanding from USD 12 billion in 2022 to a potential 500 million square feet by 2025. This growth is fueled by e-commerce expansion and infrastructure advancements like industrial corridors and multimodal logistics parks.

Rexpro Enterprises IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The company aims to allocate funds towards enhancing production capabilities and modernising facilities to improve operational efficiency. 
  2. A portion of the proceeds will be used for supporting day-to-day operations and ensuring smooth business activities.
  3. Funds will be directed toward exploring strategic acquisitions and partnerships to expand market presence.
  4. The remaining funds will be used for general corporate purposes.

About Rexpro Enterprises Limited 

Rexpro Enterprises Limited, originally incorporated on March 12, 2012, as a private limited company, transitioned into a public limited entity on August 9, 2024. Based in Vasai, Maharashtra, the company is a growing diversified product manufacturer catering to multiple sectors.

Initially established to provide furniture and fixture solutions for retailers, Rexpro Enterprises has expanded its portfolio to include commercial, institutional, and home furniture. Its offerings extend to industrial products such as racks, cabinets, and trolleys. The company has also ventured into infrastructure products like sound barriers, installed on flyovers in Mumbai, and high-precision double doors for metro stations, enhancing safety and reducing noise pollution.

With the rise of e-commerce and logistics, Rexpro Enterprises manufactures racking systems and fixtures for the warehousing industry. Its products, made from wood, metal, and other materials, undergo all processes in-house to ensure quality and timely delivery.

The company operates on a B2B model, serving leading brands such as Shoppers Stop, Samsung, Hindustan Unilever, Lenskart, and Godrej & Boyce. Its three manufacturing facilities in Vasai span approximately 1,00,000 square feet and house advanced machinery for designing, prototyping, fabrication, and packaging.

Offering turnkey solutions, Rexpro Enterprises designs, manufactures, and installs products across India, delivering consistent value to long-term clients across diverse industries.

How To Check the Allotment Status of the Rexpro Enterprises IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Rexpro Enterprises IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Rexpro Enterprises IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Rexpro Enterprises IPO 

Registered office: Building No 2, WING A & B, Survey No -36, Hissa No 13,

Waliv Village, Dhumal Nagar, Valiv, Thane, Vasai - 401208, Maharashtra, India

Phone: +91 84848 32162 

E-mail: cs@rexpro.com

Rexpro Enterprises IPO Reservation

Investor Category

Shares Offered

Retail Shares Offered

50% of the Net Issue

Other Shares Offered

50% of the Net Issue

Rexpro Enterprises IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

1000

₹1,45,000

Retail (Max)

1

1000

₹1,45,000

HNI (Min)

2

2000

₹2,90,000

Rexpro Enterprises IPO Promoter Holding

The promoters of the company are Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh Deepak Bhatia and Ravishankar Sriramamurthi Malla.

Share Holding Pre-Issue

100%

Share Holding Post Issue

66.99%

Key Performance Indicators for Rexpro Enterprises IPO

As of March 31, 2024, the market capitalisation of Rexpro Enterprises's IPO is ₹162.49 crore. Here are the KPIs of Rexpro Enterprises:

KPI

Value

RoE (%)

56.24

RoCE (%)

62.21

Debt/Equity (x)

0.65

PAT Margin

6.25

Price Metrics

Metric

Pre-IPO

Post-IPO

EPS (₹)

5.69

6.89

P/E (x)

25.49

21.04

Note: Rexpro Enterprises Limited’s Pre-IPO EPS is based on pre-issue shareholding and FY earnings as of March 31, 2024. Post-IPO EPS considers post-issue shareholding and annualised earnings as of September 30, 2024, offering insights into earnings per share before and after the IPO.

Rexpro Enterprises IPO Prospectus

Rexpro Enterprises IPO Registrar and Lead Managers

Rexpro Enterprises IPO Lead Managers

  • Horizon Management Private Limited

Registrar for Rexpro Enterprises IPO

 Cameo Corporate Services Limited

Rexpro EnterprisesIPO Registrar

Financial Performance of Rexpro Enterprises Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 8,298.66 6,287.99 3,566.93
Profit After Tax (PAT) (in ₹ lakh) 518.34 63.95 51.61
EBITDA (in ₹ lakh) 806.10 164.05 130.48
Return on equity (%) 56.24 13.63 12.73
Return on capital employed (%) 62.21 19.89 23.96
Current Ratio (x) 1.22 1.06 1.13
Debt-Equity ratio (x) 0.65 0.87 0.81

Know before investing

Strengths

5

  1. Diverse product range caters to industrial, retail, and infrastructure needs.

  2. Systematic warehouses enable efficient e-commerce delivery and reduce risks.

  3. 3 advanced manufacturing plants ensure high-volume, customised production.

  4. Strong customer loyalty drives repeat business and sustainable growth.

  5. SEDEX certification reflects ethical standards and robust quality control.

Risks

5

  1. Legal proceedings could result in liabilities, penalties, or reputational damage.

  2. Success depends on overcoming challenges in manufacturing, marketing, and timely delivery.

  3. High competition may lead to lower sales and increased inventory.

  4. Reliance on unorganised suppliers poses risks of delays or defective materials.

  5. Dependency on Maharashtra for over 80% of raw materials increases vulnerability.

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Rexpro Enterprises Limited Peer Details Comparison

Company Name EPS (Basic) EPS (Diluted) P/E (x) RoNW (%)
Rexpro Enterprises Limited 5.69 5.69 25.48 56.24
Naman In-store (India) Limited 11.99 11.99 11.09 24.23
Parin Furniture Limited 2.77 2.77 137.18 3.92

Rexpro Enterprises IPO FAQs

What is the Rexpro Enterprises IPO?

Rexpro Enterprises IPO is a fixed price issue IPO. It will be open from January 22, 2025, to January 24, 2025.

When will the Rexpro Enterprises IPO be allotted?

The Basis of Allotment will happen on Monday, January 27, 2025.

When will the Rexpro Enterprises IPO open for subscription?

The IPO subscription window will open on January 22, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1000 shares.

When will Rexpro Enterprises Limited list on exchanges?

The listing date for Rexpro Enterprises Limited is Wednesday, January 29, 2025.

What is the issue size of the Rexpro Enterprises IPO?

The issue size of the Rexpro Enterprises IPO is up to ₹53.65 crore, with a fresh issue of ₹47.13 crore and an offer for sale of ₹6.53 crore.

What are the open and close dates of the Rexpro Enterprises IPO?

The open and close dates for Rexpro Enterprises IPO are from January 22, 2025, to January 24, 2025.

What would be the listing gains on the Rexpro Enterprises IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Rexpro Enterprises IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Rexpro Enterprises IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Rexpro Enterprises Limited using one PAN?

You can submit only one application using your PAN card.

How to read Rexpro Enterprises Limited's financial statements?

To read Rexpro Enterprises’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for Rexpro Enterprises Limited IPO?

Pre-apply allows investors to apply for the  Rexpro Enterprises  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Rexpro Enterprises Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Rexpro Enterprises Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Rexpro Enterprises IPO?

Cameo Corporate Services Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Rexpro Enterprises IPO getting listed?

Rexpro Enterprises Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).